American Legion
- Assets
- $277.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- Cortez, CO
- Founding
- 03/1946
- Data as of
- 12/2022
- EIN
- 84-0420648
Organization Overview
American Legion is located in Cortez, CO. The organization was established in 1946. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, American Legion employed 3 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. American Legion is a 501(c)(19) and as such, is described as a "Post or Organization of Past or Present Members of the Armed Forces" by the IRS.
For the year ending 12/2022, American Legion generated $90.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 25.0% each year . All expenses for the organization totaled $88.4k during the year ending 12/2022. While expenses have increased by 8.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ASSISTANCE TO MILITARY VETERANS.
Describe the Organization's Program Activity:
Part 3
DURING 2019 THE CORTEZ VETERANS INC PROVIDED ASSISTANCE AND SUPPORT TO VETERANS IN NEED. SUPPORT INCLUDED FOOD, LODGING, AND THE USE OF FACILITIES TO CONDUCT SIX FUNERALS AND TWO REUNIONS. THE ORGANIZATION ALSO PROVIDED A PLACE FOR THE LOCAL CIVIL AIR PATROL AND THE AMERICAN LEGION TO GATHER AND CONDUCT MONTHLY MEETINGS. TO HONOR VETERANS AND THEIR FAMILIES, THE ORGANIZATION HOSTED A FLAG RETIREMENT CEREMONY AND TWO SEPERATE BREAKFAST EVENTS ON MEMORIAL AND VETERANS DAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Colen President | 20 | $0 | |
Marvin Hermanns Vice President | 5 | $0 | |
Scott Magness Treasurer | 20 | $0 | |
Jim Shry Secretary | 3 | $0 | |
Ray Goodall Trustee | 10 | $0 | |
Lori Higgins Bookkeeper | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $11,839 |
| Membership dues | $0 |
| Investment income | $6,144 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $90,884 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $40,079 |
| Professional fees and other payments to independent contractors | $950 |
| Occupancy, rent, utilities, and maintenance | $30,880 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $16,480 |
| Total expenses | $88,389 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $23,591 |
| Other assets | $0 |
| Total assets | $277,342 |
| Total liabilities | $5,536 |
| Net assets or fund balances | $271,806 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Legion Clovis, NM | $323,823 | $3,104,581 |
A Sanctuary For Military Families Inc Granby, CO | $1,662,699 | $1,856,266 |
Disabled American Veterans Thrift Store Inc Wichita, KS | $839,064 | $1,958,775 |
American Legion Clovis, NM | $235,874 | $1,801,640 |
American Legion Apache Junction, AZ | $3,212,238 | $3,405,557 |
Paralyzed Veterans Of America Phoenix, AZ | $1,356,804 | $1,158,050 |
Veteran Sheepdogs Of Colorado Colorado Springs, CO | $0 | $952,880 |
American Legion Lincoln, NE | $1,991,172 | $1,102,281 |
American Legion Topeka, KS | $1,796,434 | $1,123,115 |
American Legion Denver, CO | $1,954,041 | $762,076 |
Retired Enlisted Association Centennial, CO | $3,860,050 | $787,674 |
American Legion Albuquerque, NM | $1,452,462 | $577,385 |